Save Article

Despite Engagement, XcelleNet
May See New Suitors Emerge

By

Carrick MollenkampStaff Reporter of The Wall Street Journal

Updated May 13, 1998 12:01 a.m. ET

XcelleNet looks headed for the altar, but don't be too sure who it will end up marrying.

Three weeks ago, Sterling Commerce of Dallas agreed to buy the Atlanta-based maker of computer software for $200 million in cash and stock. The agreement valued XcelleNet stock at about $22 -- a price below what XcelleNet shareholders had expected.